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US pauses New York transit funding in shutdown jab at Democrats
Some funds for Hudson Tunnel and Second Avenue subway haltedLatest Trump move to pressure Democrats over the shutdownTrump has targeted diversity efforts in federal hiring, contractsBy David Shepardson and Jonathan Allen WASHINGTON, Oct 1 (Reuters) - The U.S. government said on Wednesday it has p...Reuters
Wed, Oct 1
PRECIOUS-Gold rallies to record high on US government shutdown and Fed rate cut bets
Gold hits record high of $3,895.09 an ounceUS central bank expected to cut interest rates this monthUS private payrolls decline in SeptemberBy Noel John and John Biju Oct 1 (Reuters) - Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand after a U.S. g...Reuters
Wed, Oct 1
Trump, Xi to meet in four weeks, US president says
WASHINGTON, Oct 1 (Reuters) - U.S. President Donald Trump said on Wednesday soybeans will be a major topic of discussion when he meets with Chinese President Xi Jinping in four weeks."The Soybean Farmers of our Country are being hurt because China is, for 'negotiating' reasons only, not ...Reuters
Wed, Oct 1
Venezuela's oil exports surpass 1 million bpd for first time since 2020, data shows
Rising output, sales of stocks and diluent imports boosted exportsChevron's exports to US rose to 108,000 bpd from 60,000 bpdVenezuela is securing purchases of heavy naphtha from RussiaBy Marianna ParragaOct 1 (Reuters) - Venezuela's oil exports averaged 1.09 million barrels per day (bpd) in...Reuters
Wed, Oct 1
Cenovus' 160,000-bpd refinery in Toledo, Ohio to shut several units for a month of planned maintenance, source says
NEW YORK, Oct 1 (Reuters) - Cenovus CVE.TO will shut several units at its 160,000-bpd refinery in Toledo, Ohio next week for a month of planned maintenance, a source familiar with the matter said on Wednesday.The planned work is expected to start on October 6.Cenovus did not immediately respond to R...Reuters
Wed, Oct 1
US LNG exports hit record for second straight month
US sets new LNG exports record in SeptemberEurope remains favored destinationEgypt continues to buy U.S. cargoes to meet gas shortagesBy Curtis Williams HOUSTON, Oct 1 (Reuters) - U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million M...Reuters
Wed, Oct 1
Mexico sees 32% jump in flesh-eating screwworm cases since August as cases move north
By Cassandra Garrison MEXICO CITY, Oct 1 (Reuters) - Mexico saw a nearly 32% increase in confirmed cases of the flesh-eating screwworm parasite, according to the latest monthly government data, as a concentration of cases moves north. Mexico recorded 6,703 cases of animals infested with New World...Reuters
Wed, Oct 1
Phillips 66 Says Final Crude Processing At LA Refinery Expected By Oct. 16
Oct 1 (Reuters) - Phillips 66 PSX.N:PHILLIPS 66 PROVIDES UPDATE ON LOS ANGELES REFINERY OPERATIONSPHILLIPS 66 PROVIDES UPDATE ON LOS ANGELES REFINERY OPERATIONSPHILLIPS 66 - FINAL CRUDE PROCESSING AT LOS ANGELES REFINERY BY OCT. 16PHILLIPS 66 - REMAINING PROCESS UNITS TO BE IDLED BY END OF 2025PHILL...Reuters
Wed, Oct 1
Fired rail board member sues Trump over removal
WASHINGTON, Oct 1 (Reuters) - A member of the Surface Transportation Board fired by President Donald Trump in August filed suit on Wednesday, challenging his removal.Robert Primus called his firing an "illegal removal" and said Trump "did not identify a reason, let alone one that satisfi...Reuters
Wed, Oct 1
Phillips 66 to book $100 million charge as it winds down Los Angeles refinery
Environmental expenses include $70 million for groundwater mitigationFacility retirement charge of $30 million for unused transportation assetsFinal crude processing expected mid-OctoberBy Nicole Jao Oct 1 (Reuters) - U.S. oil refiner Phillips 66 PSX.N expects to book about $100 million of charge...Reuters
Wed, Oct 1
US Cash Grains-Corn, soy basis bids flat-mixed as harvesting progresses
Oct 1 (Reuters) - Corn and soybean basis bids were flat to mixed at grain elevators and processing facilities in the U.S. Midwest on Wednesday, dealers said, as the accelerating harvest brought in fresh supplies. The corn basis edged up at a Cincinnati, Ohio, elevator. It also rose at a processor in...Reuters
Wed, Oct 1
New BP Chair Manifold urges faster oil and gas strategy shift
Manifold deems BP's portfolio 'overly complex' - internal memoBP aims to sell $20 billion in assets to reduce debtActivist investor Elliott pushes BP for cost cuts and higher cash flowBy Shadia Nasralla and Stephanie Kelly LONDON, Oct 1 (Reuters) - New BP BP.L Chair Albert Manifold to...Reuters
Wed, Oct 1
Euronext wheat bounces off lows as traders weigh exports
PARIS, Oct 1 (Reuters) - European wheat futures ended higher on Wednesday, recovering from latest contract lows as signs of renewed export demand stemmed pressure from rising global supply.December milling wheat BL2Z5, the most-active position on Paris-based Euronext, settled 0.8% up at 187.75 euros...Reuters
Wed, Oct 1
European oil refineries bet on green projects to secure long-term future
By Robert Harvey and Enes TunagurLONDON, Oct 1 (Reuters) - European oil refineries are having to invest in energy transition projects as modern and more complex competitors in Asia, the Middle East and Africa have prompted plant closures in Europe, refining industry executives said on Wednesday."...Reuters
Wed, Oct 1
Mexico sees 32% jump in screwworm cases in September as cases move north
By Cassandra Garrison MEXICO CITY, Oct 1 (Reuters) - Mexico saw a nearly 32% increase in confirmed cases of the flesh-eating screwworm parasite in September, according to government data, as a concentration of cases moves north.Mexico recorded 6,703 cases of animals infested with New World screww...Reuters
Wed, Oct 1
Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Oct 1 (Reuters) - Northwest European gasoline profit margins rose by 26 cents to $17.98 a barrel on Wednesday, as underlying crude futures fell.A total of 10,000 metric tons of Eurobob E5 barges traded, with Equinor and Glencore selling to TotalEnergies.A total of 2,000 metric tons of E10 ba...Reuters
Wed, Oct 1
FACTBOX-US government shutdown: What is open, what is closed
Military, law enforcement stay on the jobEconomic data publication suspendedAir traffic controllers will keep working without pay, FAA saysBy Courtney Rozen and Andy SullivanWASHINGTON, Oct 1 (Reuters) - U.S. government services will be disrupted until President Donald Trump and Congress agree on a ...Reuters
Wed, Oct 1
METALS-Copper climbs as supply concerns linger, dollar weakens
By Tom Daly Oct 1 (Reuters) - Copper prices rose by more than 1% on Wednesday, supported by disruption to mine supply and a weaker dollar, as a U.S. government shutdown began.Three-month copper on the London Metal Exchange CMCU3 was up 1.1% at $10,374.50 per metric ton as of 1600 GMT. It touche...Reuters
Wed, Oct 1
Alberta plans to support proposal for new oil pipeline, Globe and Mail reports
Oct 1 (Reuters) - The Alberta government is preparing to lead an application for a new oil pipeline to the British Columbia coast with support from Enbridge ENB.TO, South Bow SOBO.TO and Trans Mountain, the Globe and Mail reported on Wednesday, citing three sources familiar with the matter.The plan ...Reuters
Wed, Oct 1
Phillips 66 to take $100 million charge as it winds down Los Angeles refinery
Oct 1 (Reuters) - U.S. oil refiner Phillips 66 PSX.N said on Wednesday it will book about $100 million in third-quarter charges tied to the idling of its Los Angeles refinery, which it plans to shut by the end of 2025.Reuters
Wed, Oct 1
